Mechanic Trading, need EA
How many years do you have experience on Forex?
ha ha ha
How many years do you have experience on Forex?
and you? 
Hi, Stevenali! Do you suppose to make sell positions at 03 level, or everytime only buy positions? What about StopLoss for every position?
Well, maybe this idea is ready to read in another thread... bet this is what i think when i make a little observation about GBPUSD from Jan 2006
SETUP the CHART:
put horisontal line for every price at 03... You can do that at 1.9303, 1.9403. 1.9503, and so on
The Rule.. (with 10.000$ account)
1. when price at 03, open BUY 2 position, each with 0,1 lot
2. 1st OP, give TP to the next price with end number 97
3. 2nd OP, give TP to the next price with end number 50
4. if the 2nd OP is closed, and then the price go down to 00 again, then OP
again 2nd trade with TP at 50
example...
GBPUSD is at 1.9500
Open 2 position, 1st target with TP to 1.9597, another with TP at 1.9550
if the price goes to 1.9600, then we collect (97 pips + 47 pips) - spread(4x2=8) = 146 pips.
if the price goes to 1.9560 and then pull back to 1.9500, so we collect 47 pips -spread (4) = 43 pips
and then we open again at 1.9503 0,1 lot BUY with tp at 1.9547
i believe, it will be good with EA
What if the price doesn't go the way expected once the buy orders are open? What then? It seems to me, you would need a trailing stop, or something to lock in profits. Have you done backtests or forwardtests? What were the results? If the results were positive over an extended period of time, then I'll try to squeeze the coding of this EA into my schedule.
and you?
Hi Stevenali,
just a question, this is just buying, are the selling technique the just opposite ?
Interesting and curious strategy ....
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Well, maybe this idea is ready to read in another thread... bet this is what i think when i make a little observation about GBPUSD from Jan 2006
SETUP the CHART:
put horisontal line for every price at 03... You can do that at 1.9303, 1.9403. 1.9503, and so on
The Rule.. (with 10.000$ account)
1. when price at 03, open BUY 2 position, each with 0,1 lot
2. 1st OP, give TP to the next price with end number 97
3. 2nd OP, give TP to the next price with end number 50
4. if the 2nd OP is closed, and then the price go down to 00 again, then OP
again 2nd trade with TP at 50
example...
GBPUSD is at 1.9500
Open 2 position, 1st target with TP to 1.9597, another with TP at 1.9550
if the price goes to 1.9600, then we collect (97 pips + 47 pips) - spread(4x2=8) = 146 pips.
if the price goes to 1.9560 and then pull back to 1.9500, so we collect 47 pips -spread (4) = 43 pips
and then we open again at 1.9503 0,1 lot BUY with tp at 1.9547
i believe, it will be good with EA